Shareholders of Kontiki Finance Limited, a locally owned credit facility, now have the opportunity to increase their shareholding through a newly established reinvestment plan.
Existing shareholders can choose to convert their dividends into additional shares at a discounted rate compared to the share price on that specific date. Under the company’s dividend reinvestment plan, the price for reinvestment is set at $1.02 per share, which reflects a five percent discount based on the average share price from the month leading up to the dividend announcement.
Kotiki Finance chairman Barry Whiteside confirmed that this reinvestment option is available without any associated brokerage fees or levies. He stated, “Shareholders who choose to participate in the reinvestment plan will receive newly issued shares. The quantity of shares will correspond to the total dividend amount the shareholder is entitled to, rounded down to the nearest whole number.”
Only those registered as shareholders in KFL as of November 15 will be eligible to take part in the reinvestment plan, allowing them to acquire 102 shares instead of receiving cash. For example, a dividend of $100 would enable a shareholder to reinvest and secure 102 shares instead of opting for cash.
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